ModivCare Inc. (NYSE: MODV), the non-emergency medical transportation (NEMT) company that’s quickly becoming a major player in the home-based care space as well, announced Monday plans to buy CareFinders Total Care for $340 million. Once the deal is finalized, ModivCare will initially combine the CareFinders business with its existing personal care capabilities from Simplura Health […]
CareFinders Total Care
Last September, ModivCare Inc. (NYSE: MODV) acquired the large personal care services provider Simplura Health Group for $575 million. Less than nine months later, ModivCare President and CEO Daniel Greenleaf shared a vision for growing his company to a $1 billion home-based care player with a true national footprint. ModivCare has now taken a giant […]
One of the faster-growing home care organizations in the United States is now trying to grow even faster. PE Hub reported Monday that CareFinders Total Care is trying to lock down additional growth capital. Hackensack, New Jersey-based CareFinders provides home care services to more than 8,500 patients throughout New Jersey, Pennsylvania and Connecticut. The company […]
Pennant kicks off 2021 M&A activity The Pennant Group Inc. (Nasdaq: PNTG) has kicked off its 2021 M&A push. The Eagle, Idaho-based post-acute care provider announced Tuesday it has acquired Sacred Heart Home Health Care, which provides home health services in Phoenix and Tucson, Arizona. The acquisition was effective Jan. 16, 2021. “This strategic, off-market […]
The Care Team acquires InTeliCare Private equity-backed The Care Team has acquired InTeliCare Home Health & Hospice. The financial terms of the deal were not disclosed. Farmington Hills, Michigan-based The Care Team is a home-based care provider that delivers a variety of services including nursing, therapy and hospice services across central and eastern Michigan. The […]
CareFinders Total Care announced Wednesday it has teamed up with LogistiCare, a non-emergency medical transportation company, to provide transportation services to caregivers working in the home. Ride-hailing giant Lyft Inc. (Nasdaq: LYFT) is also involved with the partnership. Founded in 1995, Hackensack, New Jersey-based CareFinders provides in-home care services to more than 8,500 patients throughout […]
CareFinders announces new leadership hires CareFinders Total Care has expanded its executive leadership team, naming Glenn Williams as the company’s new chief financial officer and Mary Morrisey-Gabriel as its new senior vice president of growth. Founded in 1995, Hackensack, New Jersey-based CareFinders provides home health care services to more than 8,500 patients throughout New Jersey, […]
As COVID-19 sweeps the country and threatens vulnerable senior populations who rely on home-based care, the stakes have never been higher for providers in the space. A lot of that pressure falls on front-line, home-based care workers, whose jobs are more challenging — and more important — than ever in light of the pandemic. Their […]
In the past two weeks, nearly 10 million people have filed for unemployment, pushing the jobless rate “certainly higher than at any point since the Great Depression,” according to the New York Times. These unprecedented times have prompted unprecedented benefits: Thanks to new pandemic unemployment assistance (PUA) created by the Coronavirus Aid, Relief, and Economic […]
CareFinders has expanded its footprint in the Northeast once again. This time, the expansion comes in Pennsylvania via a move that’s consistent with the growth strategy CareFinders has followed and accelerated since CEO Jim Robinson took charge in October 2018. The Hackensack, New Jersey-based personal home care agency announced Tuesday that it had acquired the […]